Sellers had a 10.8% chance of selling a home in Kirkland in November, 2007.
(See the chart above to show the last four year’s activity. The chart shows numbers for all of Kirkland, south of NE 116th St)
November 2007 405 homes for sale, 44 sales, 10.8% chance of selling.
October 2007 424 homes for sale, 48 sales, 11% chance of selling.
November 2006 316 homes for sale, 57 sales, 18% chance of selling.
The chances of selling a home in Kirkland has changed little over the last three months. Forty-four homes sold in November, 48 in October, and 40 in September. The dip in Kirkland’s 2007 market is actually less than other areas of the Eastside. In November of last year, 18% of the homes sold here whereas in other areas 20-40+% of the homes were selling. Thirteen less homes sold this November than last November. In this sense, Kirkland’s market has been less volatile.
Inventory has decreased by 19 homes since last month. However, inventory is up by 28% from last year. This is certainly a larger number than last November, however, in other Eastside neighborhoods available inventory has skyrocketed. West Bellevue has 75% more homes available. The areas around Microsoft have almost 88% more homes on the market this November.
Despite the slightly tougher market, Kirkland’s median pricing is still up by about 3% to $689,975.
There are 257 less homes on the market this month, which is a typical seasonal trend.
Bottom line in Kirkland is the market has not changed as drastically here as it has in other areas. There are some great properties out there. The selection of homes is just wonderful. A new home, what a nice Christmas present!
For a report on the Eastside’s November performance, you can check this post out.
Kirkland Highlands Real Estate Buzz
